Canada Geofencing Market Size & Outlook, 2023-2030
The geofencing market in Canada is expected to reach a projected revenue of US$ 974.5 million by 2030. A compound annual growth rate of 23.3% is expected of Canada geofencing market from 2024 to 2030.
Revenue, 2023 (US$M)
$224.9
Forecast, 2030 (US$M)
$974.5
CAGR, 2024 - 2030
23.3%
Report Coverage
Canada
Canada geofencing market, 2018-2030 (US$M)
Related Markets
Canada geofencing market highlights
- The Canada geofencing market generated a revenue of USD 224.9 million in 2023 and is expected to reach USD 974.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 23.3% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Geofencing market data book summary
| Market revenue in 2023 | USD 224.9 million |
| Market revenue in 2030 | USD 974.5 million |
| Growth rate | 23.3% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Apple Inc, Saksoft, Simpli.fi, Thumbvista, Gpswox, Esri, LocationSmart, Bluedot, GeoMoby, Upland Localytics, SuccorfishM2M, Visioglobe, Raveon, Urban Airship Inc, MAPCITE, MediaVision |
Other key industry trends
- In terms of revenue, Canada accounted for 9.5% of the global geofencing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. geofencing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 974.5 million by 2030.
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Geofencing Market Scope
Geofencing market segmentation & scope
Solution
Type & Integration services
Support & Maintenance services
Consulting & Advisory services
API Management & Testing services
Transportation And Logistics
Retail
Healthcare And Life Sciences
Industrial Manufacturing
Media And Entertainment
Government And Defense
BFSI
Others
Geofencing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada geofencing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to geofencing market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 63.76% in 2023. Horizon Databook has segmented the Canada geofencing market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Canada geofencing market databook
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Our clientele includes a mix of geofencing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada geofencing market , including forecasts for subscribers. This country databook contains high-level insights into Canada geofencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada geofencing market size, by component, 2018-2030 (US$M)
Canada Geofencing Market Outlook Share, 2023 & 2030 (US$M)
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